Stock Track | Lotus Technology Surges 5.19% Pre-Market on Narrowed Losses and New Funding

Stock Track

Aug 29

Lotus Technology (LOT) shares soared 5.19% in pre-market trading on Friday following the release of the company's second quarter and first half 2025 financial results. The electric vehicle maker reported significant progress in reducing losses and securing new funding, boosting investor confidence.

Key highlights from the financial report include: - Total revenue of $218 million for the first half of 2025 - Operating loss narrowed by approximately 40% year-on-year to $263 million - Secured up to $500 million in funding commitments from institutional investors and strategic partners - Announced a strategic partnership for Robotaxi development in Saudi Arabia

The substantial reduction in operating losses demonstrates Lotus Technology's improved operational efficiency, while the new funding commitments strengthen the company's financial position. Additionally, the strategic partnership for Robotaxi development in Saudi Arabia opens up potential new growth opportunities. These positive developments have likely contributed to the pre-market stock price surge as investors react favorably to the company's progress and future prospects in the competitive electric vehicle market.

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